Commonwealth Equity Services Inc Buys 921 Shares of Scotts Miracle-Gro Company (The) (SMG)

Commonwealth Equity Services Inc increased its stake in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,846 shares of the basic materials company’s stock after buying an additional 921 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Scotts Miracle-Gro were worth $1,445,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Scotts Miracle-Gro by 1.0% during the second quarter. Vanguard Group Inc. now owns 3,882,566 shares of the basic materials company’s stock worth $347,335,000 after buying an additional 39,851 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Scotts Miracle-Gro by 1.6% in the third quarter. First Eagle Investment Management LLC now owns 3,201,071 shares of the basic materials company’s stock worth $311,592,000 after purchasing an additional 50,860 shares during the last quarter. State Street Corp boosted its position in Scotts Miracle-Gro by 1.4% in the second quarter. State Street Corp now owns 1,182,128 shares of the basic materials company’s stock worth $105,756,000 after purchasing an additional 16,056 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Scotts Miracle-Gro by 17.7% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,046,557 shares of the basic materials company’s stock worth $101,873,000 after purchasing an additional 157,174 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Scotts Miracle-Gro by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 711,598 shares of the basic materials company’s stock worth $63,660,000 after purchasing an additional 29,782 shares during the last quarter. Institutional investors and hedge funds own 69.04% of the company’s stock.

In other news, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.37, for a total transaction of $3,019,840.00. Following the transaction, the insider now owns 15,759,274 shares of the company’s stock, valued at approximately $1,487,202,687.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ivan C. Smith sold 6,587 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.74, for a total value of $643,813.38. The disclosure for this sale can be found here. Insiders have sold a total of 76,813 shares of company stock worth $7,305,119 in the last ninety days. Insiders own 28.16% of the company’s stock.

Scotts Miracle-Gro Company (SMG) traded up $0.71 during mid-day trading on Friday, reaching $97.77. The company’s stock had a trading volume of 153,073 shares, compared to its average volume of 331,753. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. Scotts Miracle-Gro Company has a twelve month low of $81.48 and a twelve month high of $102.50. The stock has a market capitalization of $5,710.84, a PE ratio of 23.33, a P/E/G ratio of 2.31 and a beta of 0.37.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The business had revenue of $376.70 million for the quarter, compared to analysts’ expectations of $368.50 million. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. equities research analysts forecast that Scotts Miracle-Gro Company will post 4.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a dividend of $0.53 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.17%. Scotts Miracle-Gro’s dividend payout ratio is presently 58.89%.

SMG has been the topic of several research analyst reports. J P Morgan Chase & Co cut Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price objective on the stock. in a research report on Wednesday, November 8th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $95.00 price objective on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Zacks Investment Research cut Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Bank of America Corporation boosted their price objective on Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $101.33.

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Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

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Institutional Ownership by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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